With the gradual recovery of the global economy and the advancement of artificial intelligence technology, the demand for semiconductors has grown significantly. Manufacturers have accelerated the process of eliminating inventory, laying a solid foundation for the recovery of the industry. From the perspective of the financial report data for the first half of 2024, the overall operating performance of the semiconductor industry has achieved year-on-year growth, indicating that the industry has officially entered an upward channel.
Accelerating domestic substitution: Under the influence of external factors, major semiconductor-producing countries continue to strengthen restrictions on semiconductor exports. China's semiconductor industry still relies on imports of high-tech products due to its late start. However, key areas of restriction continue to accelerate the realization of China's independent, localized semiconductor supply system. Domestic semiconductor equipment manufacturers are benefiting from the recovery of the industry cycle and the internal substitution of dual-drive logic, which is expected to open up a new round of development opportunities.
The emergence of new applications for promotion: Smartphones and other consumer electronics products, the strong demand for the semiconductor industry has become an important growth driver. At the same time, new energy vehicles, smart grids, photovoltaic energy storage and other new applications of the rapid development of the semiconductor industry have brought new growth points.